Alex Morgan

Alex is a 42-year-old former corporate executive and business consultant with a degree in business administration. Boasting over 15 years of experience working in various industries, including technology, finance, and marketing, Alex has acquired in-depth knowledge about business strategies, management principles, and market trends. In recent years, Alex has transitioned into writing business articles and providing expert commentary on business-related issues. Fluent in English and proficient in data analysis, Alex strives to deliver well-researched and insightful content to readers, combining practical experience with a keen analytical eye to offer valuable perspectives on the ever-evolving business landscape.
  • Business NewsThailand’s central bank halts proposed 1% fee on credit cardholders

    Thailand’s central bank halts proposed 1% fee on credit cardholders

    The Bank of Thailand has stalled the proposed introduction of an additional 1% fee on local credit cardholders, necessitating card issuers to consider other alternatives. This decision was taken after several credit card issuers declared that they would be waiving the 1% fee for payments made in baht to overseas registered merchants and online shopping platforms. Earlier in March, these…

  • Business NewsGulf Energy signs agreement for 25 solar farms in Thailand

    Gulf Energy signs agreement for 25 solar farms in Thailand

    Gulf Energy Development Plc, a leading private power producer, has announced the completion of power purchase agreements for the construction of 25 solar farms with the Electricity Generating Authority of Thailand (Egat). This initiative is expected to aid the government in managing electricity prices, potentially reducing power bills for consumers. The 25-year agreements mark a strategic shift in Thailand’s power…

  • Business NewsThailand’s headline CPI rises unexpectedly in April, ends slump.

    Thailand’s headline CPI rises unexpectedly in April, ends slump.

    Commerce Ministry officials in Thailand announced today that the country’s headline consumer price index (CPI) experienced a year-on-year increase of 0.19% this April. This is a notable shift from the previous month’s 0.47% year-on-year decrease and considerably exceeds the 0.25% fall projected by a Reuters poll. Such a rise in inflation after a seven-month negative streak indicates a significant change in…

  • Business NewsThai energy business reports 2.6% decline in Q1 fuel consumption

    Thai energy business reports 2.6% decline in Q1 fuel consumption

    The Department of Energy Business (DOEB) reported a 2.6% decline in fuel consumption in the first quarter of the year, amounting to 156.7 million litres per day. This decrease is attributed to the expiration of the capped price policy. The Director General of DOEB, Sarawut Kaewtathip, noted a rise in the daily average volume of jet fuel and liquefied petroleum…

  • Business NewsFinance ministry secures deals for 250 billion baht investments

    Finance ministry secures deals for 250 billion baht investments

    Following the passing of the fiscal 2024 Budget Expenditure Act, the Finance Ministry has confirmed that new financial agreements for investment projects totalling 250 billion baht have been finalised. Deputy Finance Minister Krisada Chinavicharana revealed that during the delay in the act’s signing, governmental bodies with pending investment projects initiated their procurement processes. These processes included creating terms of reference…

  • Business NewsThailand’s daily online fraud falls to 110 million baht in April

    Thailand’s daily online fraud falls to 110 million baht in April

    Online fraud damage in April was reported at 110 million baht daily, indicating a 26% decrease from the 149 million baht experienced daily in March. This significant reduction is a result of the intensified crackdown on online fraud by authorities. On the first of April, Prime Minister Srettha Thavisin delegated several organisations to yield tangible results from their efforts to…

  • Business NewsBitcoin price falls due to Fed’s interest rate decision

    Bitcoin price falls due to Fed’s interest rate decision

    The price of Bitcoin plummeted to a two-month low, coming in at approximately US$57,000. This followed comments by the Federal Reserve chairman, Jerome Powell, suggesting that interest rates would remain high for an extended period to combat persistent inflation. This popular cryptocurrency has seen a decrease of more than 4% over the past two days. This comes after a near…

  • Business NewsThai dividend stocks outperform bank deposits

    Thai dividend stocks outperform bank deposits

    The quest for investments with steady returns in an era of global volatility and high interest rates has led many investors to gravitate towards dividend stocks. With the potential for yields exceeding 5% and a payout that can reach up to 20% yearly, these stocks offer a lucrative alternative to conventional bank deposits. A study conducted by the Stock Exchange of…

  • Business NewsBGRIM to invest US.39m in Middle East’s energy market

    BGRIM to invest US$3.39m in Middle East’s energy market

    A dominant player in the power industry, BGRIM disclosed its plans to infiltrate the Middle Eastern clean energy market, with an investment approaching US$3.39 million for a 40% stake in the independent power producer, ThreeEightSix Holdings Ltd. The company’s president, Harald Link, confirmed this strategic investment that focuses on commercial and industrial solar assets within the Gulf Cooperation Council region,…

  • Tourism NewsThailand heatwave severely impacts outdoor tourism

    Thailand heatwave severely impacts outdoor tourism

    The sweltering heat in Thailand is deterring tourists from participating in outdoor activities, prompting the Tourism Authority of Thailand (TAT) to explore the promotion of early morning and evening tourism in an attempt to stabilise the market. The CEO of Siam Park City Group, which operates Siam Amazing Park, Wuthichai Luangamornlert, stated that the intense heat resulted in a 5-10%…

  • Business NewsBitcoin ETFs close with largest discounts due to crypto plunge

    Bitcoin ETFs close with largest discounts due to crypto plunge

    The largest spot-Bitcoin exchange-traded funds (ETFs) closed today with significant discounts to their underlying asset values, the biggest since their inception. This disparity emerged when the cryptocurrency plunged to its lowest in two months, consequently affecting the ETFs’ Bitcoin value tracking. The iShares Bitcoin Trust, a US$16 billion fund, closed approximately 1.7% below its net asset value. Other funds like…

  • Business NewsThai govt cancels VAT exemption for low-priced imported goods

    Thai govt cancels VAT exemption for low-priced imported goods

    The digital economy’s growth in Thailand led to a surge in trade on foreign online platforms, which has caused considerable disruption for local businesses. The local market has been flooded with cheap Chinese products, putting domestic entrepreneurs at a disadvantage and unable to compete on price. This situation has prompted many to fade away, compelling the government to take action.…

  • Business NewsThai banks reduce loan rates to alleviate customer debt

    Thai banks reduce loan rates to alleviate customer debt

    The four biggest banks in the country have all declared a drop in their loan interest rates. This decision by Bangkok Bank (BBL), Krungthai Bank (KTB), Kasikornbank (KBank), and Siam Commercial Bank (SCB) is a response to the prime minister’s call to lessen loan rates to help ease the debt pressure on susceptible customers. An anonymous banking sector analyst opines…

  • Business NewsThai renewable energy industry urges govt to revise trade system

    Thai renewable energy industry urges govt to revise trade system

    The Federation of Thai Industries’ Renewable Energy Industry Club urged the government to revise the country’s electricity trade system from the longstanding enhanced single buyer (ESB) model, arguing it hampers the growth of renewable energy. The ESB structure, which designates the Electricity Generating Authority of Thailand (EGAT) as the sole entity that sells electricity to the public, is seen as…

  • Business NewsIBM Thailand Director emphasises AI’s impact on economy

    IBM Thailand Director emphasises AI’s impact on economy

    As Thailand grapples with geopolitical conflicts, economic barriers, and technological disruptions, the newly appointed managing director of IBM Thailand shared his vision for the nation’s future. Anothai Wettayakorn emphasised the critical importance of focusing on controllable factors in a complex world and said that strategic planning and positivity could bring about positive change. Anothai went on to highlight the exceptional convergence…

  • Business NewsJorakay to invest 300 million baht in Vietnam factory

    Jorakay to invest 300 million baht in Vietnam factory

    Jorakay Corporation, a renowned producer of tile adhesive, grouting products, and various construction chemicals under the Crocodile brand, announced intentions to invest 300 million baht in a Vietnam factory in 2028. The investment is earmarked for the establishment of a factory in Vietnam, driven by robust demand and the company’s aspiration to expand its export reach to the Philippines and…

  • Thailand NewsEx-Binance CEO Changpeng Zhao receives four-month sentence

    Ex-Binance CEO Changpeng Zhao receives four-month sentence

    The former CEO of Binance and once a dominant figure in the cryptocurrency industry, Changpeng Zhao, was given a four-month prison sentence yesterday after admitting to violating anti-money laundering laws in the United States. The sentencing of Changpeng, commonly known as CZ, marks a landmark moment in the crypto industry, with two major figures now having been imprisoned. The sentence,…

  • Business NewsQantas apologises for app glitch revealing user travel details

    Qantas apologises for app glitch revealing user travel details

    An apology was issued by Qantas, the Australian airline, due to a technology issue with its mobile application, which resulted in the exposure of users’ travel details such as their names, flights, and points. The apology followed media reports hinting at a data breach in the app used by frequent flyers, which inadvertently gave users access to other passenger’s travel…

  • Business NewsThai government preps digital wallet scheme for 50 million citizens

    Thai government preps digital wallet scheme for 50 million citizens

    The Ministry of Digital Economy and Society (DES) is getting ready to support the government’s digital wallet scheme, aimed at benefiting 50 million Thai citizens. Under the direction of Minister Prasert Jantararuangtong, the National Cyber Security Agency (NCSA) will monitor the security of the 500-billion-baht (US$13.4 million) digital initiative. Simultaneously, the Digital Government Agency (DGA) will take charge of digital…

  • Business NewsCiti expands medium-sized business operations in Thailand, Asia

    Citi expands medium-sized business operations in Thailand, Asia

    International bank Citi is set to aid the expansion of medium-sized businesses in Thailand and Asia. The move comes as economies in these regions experience high growth rates, presenting lucrative opportunities for companies to penetrate overseas markets. The managing director and head of Citi Commercial Bank (CCB) for Asia North, Australia, and Asia South, Gunjan Kalra, highlighted Asia’s rapid economic…

  • Business NewsSET extends deadline due to few presidential applicants

    SET extends deadline due to few presidential applicants

    The Stock Exchange of Thailand (SET) has delayed the application deadline for its presidential role until May 15, following a lack of applicants. The present president, Pakorn Peetathawatchai, is due to step down in September. The SET chairman role also remains unfilled after Pichai Chunhavajira’s recent resignation. The exchange is seeking candidates who can support its vision of making the…

  • Business NewsThai baht finds its groove: Depreciation rate takes a dip

    Thai baht finds its groove: Depreciation rate takes a dip

    The Thai baht experienced a lessening in its depreciation rate in April, buoyed by an uptick in the country’s economic performance. A leading figure from the country’s central bank anticipates that the local currency will make a recovery in the second half of the year. In the initial quarter of this year, the baht saw a 7.8% decline against the…